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https://marcustoday.com.au/2020/07/trading-ideas-explained/ 3MA...

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    https://marcustoday.com.au/2020/07/trading-ideas-explained/

    3MA is a simple, easy-to-understand trend following template designed to highlight stocks which are trending across multiple timeframes. Trend alignment is the key. The strategy will identify short- to medium-term timeframe opportunities (i.e. day/weeks to weeks/months).

    As the name suggests, the template uses 3 EMA’s (exponential moving averages) which need to be in a certain configuration for a stock to pass the ‘test’. That configuration is as follows;
    • The shorter-term EMAs are crossed higher; the 8-period EMA (red) is crossed above the 21-period EMA (blue).
    • Both the shorter-term EMAs are above the longer-term, 125-period EMA filter (green), which is also pointing higher.
    • The price action sits above all of theEMAs.
 
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